CoinWorld news: the Howey test is a standard established by the U.S. Supreme Court in 1946, used to determine which crypto tokens are considered securities. The core of the test is to assess whether investors expect to earn profits from the efforts of others. As the crypto market develops, concerns have grown about the applicability of the Howey test—especially with the possibility that the Clarity Act could replace this standard.

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PlayfulAndCheerfulSunflower
· 3h ago
If the Clarity Bill really gets implemented, project teams would likely have to update their whitepapers overnight
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BluePeonyInTheDark
· 7h ago
That old stock-market logic—does it get applied to NFTs too? The judge’s head is spinning.
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MevBreakRoom
· 11h ago
Investor protection doesn’t mean throttling innovation—striking a balance is hard to find
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OrigamiMountains
· 11h ago
Support updating, but don’t keep the same old thing.
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Lemon-FlavoredLiquidation
· 11h ago
How much money has the SEC fined with this test already? It should have changed the standard long ago.
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StakingSparrow
· 11h ago
The biggest bug in Hoei’s test is how to define “the efforts of others”—who does the DAO count as?
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PatchNotePaladin
· 11h ago
An old antique from 1946 being plugged into DeFi is definitely awkward.
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